Ralph Lauren quietly shuttered its two-year-old 20,000-square-foot store last week. Other brands are expected to close boutiques in a city that has lost its luster for cash-rich mainland Chinese tourists.

The chairman and chief executive officer of Saks Fifth Avenue bought himself a shiny new set of wheels at the Westchester Mall for Christmas.

PUMPED UP: Stephen Sadove, chairman and chief executive officer of Saks Fifth Avenue, bought himself a shiny new set of wheels at the Westchester Mall for Christmas. He’s the proud owner of a Tesla Model S electric car, in which he was spotted tooling around in Westchester over the weekend. Powered by electricity, the car drives like a sportscar and features a touchscreen, which accesses music, maps and the Web (he can check e-mails), as well as a 5.3 cubic foot compartment under the hood, and a roomy rear hatch, for storage. Freed up from buying gasoline — at least for this car — all he has to do is plug it in at night to refuel. Sadove gave a quick tour of his new car, which is not only stylish, high-tech and energy efficient, but an amazingly quiet ride, he said.

WWD's Ultimate Holiday Gift Guide is brought to you by @styleontherise and is complete with the perfect presents for everyone on your list. Click the link in our bio to start shopping NOW. #WWDHoliday #Sponsored

@rebeccaminkoff is bringing self-checkout to high fashion: The brand has partnered with @queuehop to bring its customers self-checkout options, beginning this holiday season at its SoHo store. (📷: @aurorarosephoto)